Economic Uncertainty: What it means for Economic Development Organizations and Chambers of Commerce
In an increasingly interconnected global economy, economic uncertainty has become a significant challenge facing economic development organizations (EDOs) and chambers of commerce in today’s complex global environment. Economic uncertainty refers to the unpredictability and volatility in economic conditions, policies, and markets that can impact business operations, investment decisions, and overall economic growth. Today’s economic developers […]
Collaborative Strategies for Housing Development: Fostering Community Prosperity
The importance of available, acceptable, and affordable housing options cannot be overstated in the realm of economic development. Housing is a cornerstone of thriving communities, providing residents stability, a sense of belonging, and quality of life. Achieving a diverse range of housing options that meet the needs of all users is a complex challenge. In […]
Don’t Let Commercial Real Estate Pressures Impact Your Economic Development Goals
The economic landscapes of communities nationwide are as unsettled as ever. One facet of this reality is the state of commercial real estate. Beginning with government-imposed shutdowns and social distancing during the COVID-19 pandemic, businesses and individuals have changed their habits, incorporating remote or hybrid work practices into daily life. As a result, the need […]
Everything You Need to Know About Endowment Funding
At Convergent Nonprofit Solutions, we have long emphasized the role of investors over donors for ROI-driven fundraising. Reliable, long-term support gives nonprofits the resources and stability they need to create impactful outcomes. Endowments are the pinnacle of these nonprofit investment principles. However, endowment funding flips the roles—putting your organization in the driver’s seat behind investments and […]
Funding DEI Initiatives in Your Community
As diversity, equity, and inclusion (DEI) efforts take more of a front seat in economic development strategy and growth, we’re seeing communities benefit from these efforts and funders start to expect them when reviewing future plans. We have managed capital campaigns for EDOs and Chambers of different size and scope that have taken very different […]
5 Things You Need to Know About Professional Fundraising Services
Now as much as ever, nonprofit organizations are fighting to get the funding they need to continue serving their communities. While you may be used to navigating the world of fundraising on your own, now may be an ideal time to consider professional support. Here is a look at 5 things you should know about […]